Fundraising Fox

National Development Company Startup Venture Fund

Government fund

Makati · Seed–Series B · 3 people tracked

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Investment thesis

NDC serves as the Philippine government's investment arm, acting as a catalyst for inclusive growth by investing in strategic priority areas and partnering with both public and private sectors. It supports national industry development, local economies, and the country's startup ecosystem, including hosting the Philippine Startup Week and running co-investment initiatives such as the Startup Venture Fund. NDC emphasizes prudent stewardship of public resources, transparency, and continual improvement in line with its corporate governance code, while pursuing fund-generation activities that sustain its development mandate across sectors from energy to technology.

Invests inSector AgnosticAsia-PacificPhilippines

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Series B
HQ
Makati, PH
Instruments
Equity
Founded
1919
Tracked investments
6

Team · 3 people

from the firm's website
Alewijn Ong· Assistant General Manager, Business Groupin

Assistant General Manager for the National Development Company's Business Group.

What they invest in

from 2 of 6 portfolio companies

B2B Marketplaces ×1Circular Economy ×1E-commerce ×1GovTech ×1

HQs:Philippines×2

Investments · 6 tracked

founders shown can be your intro path
Davao Thermo Biotech Corporation (DTBC)

Sustainable waste management company using licensed Japanese hyper thermophilic bacteria technology to convert biodegradable waste into organic biofertilizer; received Php 40 million via a subordinated note agreement.

Humble Sustainabilityhumblesustainability.comin

Humble Sustainability helps businesses dispose of excess, aging, returned, or defective inventory—especially electronics and IT office assets—by connecting them with B2B buyers, wholesale partners, recyclers, and upcyclers.

B2B MarketplacesCircular EconomyE-commerce

Co-investorsADB VenturesIdeaspace VenturesManila Angel Investors NetworkGobi Partners

Manila HealthTek (MTek)

Molecular diagnostics and medical device manufacturer developing portable diagnostic kits for infectious diseases; received Php 70 million from NDC.

SolX Technologies Inc.

Digital energy solutions startup offering an Energy Management System and a reverse-auction energy marketplace; NDC's first SVF investment of Php 11 million.

Transparency Portalopen.gov.ph

A government transparency portal for the Philippines that provides public access to data and information from national government agencies.

GovTech

Frequently asked questions

How many investments has National Development Company Startup Venture Fund made?
National Development Company Startup Venture Fund has 6 tracked investments.
What stage does National Development Company Startup Venture Fund invest at?
National Development Company Startup Venture Fund invests at the Seed, Series A, Series B stages.
What sectors does National Development Company Startup Venture Fund focus on?
National Development Company Startup Venture Fund focuses on Sector Agnostic.
Where is National Development Company Startup Venture Fund located?
National Development Company Startup Venture Fund is headquartered in Makati, PH.
Who does National Development Company Startup Venture Fund co-invest with?
National Development Company Startup Venture Fund most often shares deals with ADB Ventures, Ideaspace Ventures, Manila Angel Investors Network, among 3 tracked co-investors.

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